Sales Velocity Rising as Price Expectations Gap Narrows

Demand for Salt Lake City office space will remain healthy over remainder of the year as the professional and business services sector continues to post outsized job growth. Vacancy, however, will also trend upward. The disconnect between economic growth and office fundamentals comes as a handful of major tenants relocate to newly constructed buildings. In the first half, Questar moved into its new headquarters, which, in turn, left behind more than 200,000 square feet of vacant space at an existing nearby building. In the second half…

See attached report for the complete article along with the 2012 Forecast. Please call with any questions you may have regarding this article or any other property related questions.

Salt Lake City 3Q 2012 Office Report